Whether your business is growing or preparing for an exit, accurate and objective financial reports that clearly convey insights to your management team, investors, and other stakeholders are essential.
“March Madness” has a special meaning amongst the basketball-loving business owners and taxpayers of the Triangle. This year, it also describes the angst that CPA firms and their c…
By Donna Holm
Background
Since 1954, businesses that incurred R&E expenses under IRC §174 have been able to deduct them as paid or accrued. Unfortunately, the Tax Cuts and Jobs…
By: Ranju Poudel
All inheritances and gifts received by U.S. persons from foreign persons that exceed $100,000 in a calendar year are reportable to the IRS on Form 3520, Annual Return to…